CRSH vs. TSLP

Last updated Jun 23, 2026

CRSH (YieldMax Short TSLA Option Income Strategy ETF) and TSLP (Kurv Yield Premium Strategy Tesla ETF) are both Derivative Income funds. Both are actively managed. Over the past year, CRSH returned -17.72% vs 15.32% for TSLP. At a correlation of -0.94, they often move in opposite directions. Both charge a 0.99% expense ratio.

Performance

CRSH vs. TSLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short TSLA Option Income Strategy ETF (CRSH) and Kurv Yield Premium Strategy Tesla ETF (TSLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRSH achieves a 5.92% return, which is significantly higher than TSLP's -13.49% return.

CRSH

• 1D: -1.19%
• 1M: 3.28%
• YTD: 5.92%
• 6M: 13.91%
• 1Y: -17.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLP

• 1D: 1.10%
• 1M: -5.53%
• YTD: -13.49%
• 6M: -20.09%
• 1Y: 15.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRSH vs. TSLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CRSH YieldMax Short TSLA Option Income Strategy ETF	5.92%	-13.40%	-52.42%
TSLP Kurv Yield Premium Strategy Tesla ETF	-13.49%	9.77%	81.23%

Correlation

The correlation between CRSH and TSLP is -0.96, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.96
Correlation (All Time) Calculated using the full available price history since May 2, 2024	-0.94

The correlation between CRSH and TSLP has been stable across timeframes, ranging from -0.96 to -0.94 - a consistent structural relationship.

Return for Risk

CRSH vs. TSLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRSH

CRSH Risk / Return Rank: 5
CRSH Sharpe Ratio Rank: 5
CRSH Sortino Ratio Rank: 5
CRSH Omega Ratio Rank: 5
CRSH Calmar Ratio Rank: 4
CRSH Martin Ratio Rank: 5

TSLP

TSLP Risk / Return Rank: 14
TSLP Sharpe Ratio Rank: 14
TSLP Sortino Ratio Rank: 15
TSLP Omega Ratio Rank: 15
TSLP Calmar Ratio Rank: 14
TSLP Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRSH vs. TSLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short TSLA Option Income Strategy ETF (CRSH) and Kurv Yield Premium Strategy Tesla ETF (TSLP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CRSH	TSLP	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	0.37	-0.87
Sortino ratio: Return per unit of downside risk	-0.50	0.78	-1.28
Omega ratio: Gain probability vs. loss probability	0.94	1.09	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.53	0.48	-1.01
Martin ratio: Return relative to average drawdown	-0.82	1.11	-1.93

CRSH vs. TSLP - Sharpe Ratio Comparison

The current CRSH Sharpe Ratio is -0.49, which is lower than the TSLP Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of CRSH and TSLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRSH vs. TSLP - Drawdown Comparison

The maximum CRSH drawdown since its inception was -63.68%, which is greater than TSLP's maximum drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for CRSH and TSLP.

Drawdown Indicators

	CRSH	TSLP	Difference
Max Drawdown Largest peak-to-trough decline	-63.68%	-46.00%	-17.68%
Max Drawdown (1Y) Largest decline over 1 year	-33.45%	-32.00%	-1.45%
Current Drawdown Current decline from peak	-58.33%	-20.09%	-38.24%
Average Drawdown Average peak-to-trough decline	-43.37%	-15.80%	-27.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.65%	13.81%	+7.84%

Volatility

CRSH vs. TSLP - Volatility Comparison

The current volatility for YieldMax Short TSLA Option Income Strategy ETF (CRSH) is 8.60%, while Kurv Yield Premium Strategy Tesla ETF (TSLP) has a volatility of 14.61%. This indicates that CRSH experiences smaller price fluctuations and is considered to be less risky than TSLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRSH	TSLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.60%	14.61%	-6.01%
Volatility (6M) Calculated over the trailing 6-month period	22.17%	30.25%	-8.08%
Volatility (1Y) Calculated over the trailing 1-year period	36.01%	41.62%	-5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.20%	48.73%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.20%	48.73%	-1.53%

CRSH vs. TSLP - Expense Ratio Comparison

Both CRSH and TSLP have an expense ratio of 0.99%.

Dividends

CRSH vs. TSLP - Dividend Comparison

CRSH's dividend yield for the trailing twelve months is around 87.09%, more than TSLP's 29.25% yield.

Position	TTM	2025	2024	2023
CRSH YieldMax Short TSLA Option Income Strategy ETF	87.09%	138.78%	94.25%	0.00%
TSLP Kurv Yield Premium Strategy Tesla ETF	29.25%	31.05%	21.82%	4.39%

Frequently Asked Questions

Can I hold both CRSH and TSLP in my portfolio?

CRSH and TSLP have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRSH or TSLP?

TSLP has higher volatility (14.61%) compared to CRSH (8.60%). In terms of maximum drawdown, CRSH dropped -63.68% vs TSLP's -46.00%.

Which ETF is better, CRSH or TSLP?

On 1-year performance, TSLP leads with 15.32% vs -17.72% for CRSH. Both ETFs have the same 0.99% expense ratio. On volatility, CRSH has been the lower-risk option at 8.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRSH or TSLP?

Over the 1-year period, TSLP has performed better with a 15.32% return vs -17.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRSH or TSLP?

CRSH and TSLP have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, CRSH or TSLP?

CRSH has the higher dividend yield at 87.09%, compared with 29.25% for TSLP.

What is the main difference between CRSH and TSLP?

They also come from different issuers: YieldMax and Kurv.

Which has better risk-adjusted returns?

TSLP currently has the higher Sharpe Ratio (0.37 vs -0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.